Latest Breaking Business News
RSS-
Swiss parliament rejects U.S. tax deal
At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once ...
-
World Bank Keeping Eye on Fed
LONDON – The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday. The U.S. Federal Reserve has sparked a bout of financial market turmoil since its chief, Ben Bernanke, announced on May 22 that the Fed could, before the year is ...
-
Why analysts say Lululemon’s growth strategy is a stretch
Lululemon Inc. says it can double its size in the U.S., build an international unit almost from scratch and get men hooked on US$88 yoga pants. More and more analysts are saying those plans are a ...
More Breaking Business News
RSS-
Tesla recalling 1200 Model S cars on safety issue
TSLA ) is recalling as many as 1,228 of its Model S vehicles, citing a problem with a rear seat latch in the electric sports sedan. The company says no injuries or customer complaints have been reported. Chairman and CEO Elon Musk said in a blog entry Wednesday that the strength of a mounting bracket for the rear, left seat latch may be weaker than intended. The issue was discovered June 10 and ...
-
One reason TV has to change Mobile
new study from Ooyala , a video analytics company, highlights why the walls will break down. It's not just that consumers want to pay less for cable TV or that some are determined to stream only television programming over the Internet. One of the major deciding factors will be that video viewing goes mobile, and many traditional carriers have little to no strength in that ...
-
I like the way you look and Ive been fired. George Zimmer out at Mens Wearhouse
Men's Wearhouse Inc. has dismissed its founder and executive chairman George Zimmer.In a terse release issued Wednesday, the company didn't give a reason for the abrupt firing of Zimmer, who built Men's Wearhouse from one small Texas store using a cigar box as a cash register to one of the nation's largest specialty retailers in men's clothing, with 1,143 locations.In ...
-
Financial Stocks Financial stocks retreat ahead of Fed decision
"It's just some last-minute nervousness about exactly what the Fed statement will say and what Bernanke might say at his press conference this afternoon," said David Hilder, analyst at Drexel ...
-
Tech Stocks Adobe rises but Apple Microsoft slip
SAN FRANCISCO (MarketWatch) -- Shares of Adobe Systems Inc. jumped Wednesday, but the tech sector was weighed down by sliding shares of Apple Inc. and Microsoft ...
-
Movers Shakers Wednesday’s movers Sprint down as Dish drags feet
SAN FRANCISCO (MarketWatch) -- Sprint Nextel Corp. fell on Wednesday after Dish Network Corp. opted not to raise its competing offer for the wireless carrier, all but effectively yielding the field to Japan's SoftBank ...
-
US stocks edge lower
New York - US stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal ...
-
Delays and high prices leave rail passengers dissatisfied
Passenger satisfaction on the railways is dipping, with value for money and how companies deal with delays being the biggest cause for complaint, according to a survey of thousands of train customers.Just one train company, Great Anglia, improved its overall satisfaction levels between spring 2012 and spring 2013, the poll by rail customer watchdog Passenger Focus found.Nationally, the ...
-
Bernanke Ultimate Lame Duck Langone
Whatever Federal Reserve Chairman Ben Bernanke says now is temporary because it looks like he'll be leaving his post, billionaire investor Kenneth Langone told CNBC on Wednesday. In an interview with Charlie Rose that aired Monday, President Barack Obama hinted that Bernanke may be on his way out. ...
-
Ask Bernanke What Question Would You Pose
So here's the picture: You're sitting in the psychiatrist's chair, legs crossed and notebook ready. Across from you is Ben Bernanke, the chairman of ...
-
Who Will Replace Bernanke Naming Names
Adam Posen, president of the Peterson Institute for International Economics, highlights that while Janet Yellen is a strong candidate to succeed Bernanke, there are a number of other people who could do the ...
-
CBO Immigration Plan Would Cut Deficit
Members of United We Dream, an immigrant youth-led organization, wearing caps and gowns hold their fists in the air on the steps of the Senate to call for immigration ...
-
Stocks open flat traders wait on Feds policy statement
1 hour ago Stocks opened flat on Wednesday, with global markets trading cautiously, as investors hesitated to jump in ahead of the Federal Reserve's all-important policy statement and Chairman Ben Bernanke's press briefing later in the day. ...
-
Microsoft Qualcomm to team up on next round of Surface RTs -- report
(Credit: CNET) Microsoft and Qualcomm will work together on the next generation of Surface RT devices, a new report claims. Microsoft will use Qualcomm's Snapdragon processor in some versions of its Surface ...
-
Mens Wearhouse terminates founder Zimmer as executive chairman
MW.N ) ousted Executive Chairman George Zimmer, who founded the company 40 years ago, sending its shares down as much as 6 percent in early ...
-
Analysis Half-way to lost decade Europes growth task as tough as ever
LONDON (Reuters) - Half-way towards a lost decade for Europe's economy, pessimism persists about the political will to halt a worrying slide in the region's potential ...
-
Britain says reckless bankers could face jail
LONDON (Reuters) - Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back, according to proposals backed by Britain's prime minister on ...
-
Market Snapshot U.S. stocks steady Wall Street waits for Fed
NEW YORK (MarketWatch) -- U.S. stocks traded little changed on Wednesday after a two-day rally, with investors on uncertain footing ahead of the Federal Reserve's policy decision later in the ...
-
MTU Aero sees at least $1.1 billion of orders at show
German aircraft engine maker MTU Aero Engines said its order intake at this year's Paris Airshow will reach at least $1.1 billion thanks to demand for Pratt & Whitney's geared turbofan model. The figure, which includes options, is well above the 600 million euros ($804 million) booked at the 2011 Paris Airshow but still short of the record 1.3 billion of orders netted at last ...
-
Think Twice Before Concluding ETNs are Safe
It's already been five years since the credit crisis turned the world of finance upside down. Are credit backed exchange-traded notes (ETNs) now safe? Let's examine some of the basics about these types of financial ...
-
Stocks Waver All Eyes on the Fed
FOX Business: Capitalism Lives Here The markets hovered about a tight range Wednesday as traders braced for the Federal Reserve's policy decision later in the day. Today's Markets As of 10:32 a.m. ET, the Dow Jones Industrial Average fell 10.9 points, or 0.07%, to 15307, the S&P 500 dipped 1.1 points, or 0.06%, to 1651 and the Nasdaq Composite rose 0.8 point, or 0.03%, to 3483. ...
-
North America capable of making ‘OPEC NOPEC’
"We haven't really had the time to get the infrastructure going to catch up with the vast increase in domestic production," Drevna said in an interview. "We have to educate the folks to say, 'Look, we could be that swing producer.' We have the capability here in the United States, in North America, to make OPEC NOPEC." Since 2007, oil imports have fallen, with ...
Calcutta Spotlight
-
Stephen Court disaster: any lessons learned?
Over 700 buildings in Calcutta are not compliant with safety regulations with regard to the risk of fire, and the Stephen Court disaster was a tangible example of what can happen when a fire breaks out in an unsafe building. Following that disaster, the local government seems to be taking a harder line on fire safety.
At 2.30pm on the 23 March, 2010, a devastating fire, allegedly caused by an electrical short circuit, ripped through the iconic Stephen Court building in Calcutta, destroying a large part of the 150-year-old office and residential block and killing over 30 people. Read more
News from around our Network
